Revolut Launches Full Banking Operations in Mexico

Revolut has officially announced the end of its Beta phase in Mexico, marking the formal launch of its full banking operations in the country.

Operating as Revolut Bank S.A. Institución de Banca Múltiple, the move represents the first time the fintech has established and launched a bank outside of the European continent.

The strategic expansion into one of the world’s key markets brings the company’s presence to 40 countries. Revolut stands as the first independent digital bank to secure a Mexican banking licence via a direct application, rather than through acquisition.

A fortified financial foundation

The launch is supported by a capital injection of over US$100m – more than double the regulatory minimum required in the market. This investment provides a Capital Adequacy Ratio (CAR) of 447.2% at the outset, a figure intended to ensure the financial stability and security of its new operations.

This solid financial footing has been recognised by initial credit ratings. HR Ratings assigned long-term ratings of HR AAA and short-term ratings of HR+1, while S&P National Ratings assigned long-term issuer ratings of ‘mxA+’ and short-term ratings of ‘mxA-1’. Both agencies issued a ‘Stable Outlook’, reflecting confidence in the bank’s liquidity and the backing of the wider Revolut Group.

Nik Storonsky, Revolut’s Co-Founder and CEO, notes: “Revolut's technology will empower millions across Mexico with better financial tools. This launch is a blueprint for expansion into other high-growth markets, and we are confident in replicating this success on our journey to reach over 100 million daily active customers in 100 countries.”

Localised digital banking suite

Following a successful early access programme with thousands of users, the bank is rolling out a suite of services tailored to the Mexican market.

This includes yield-bearing savings accounts where users earn returns on funds held in personal, joint and family accounts. Personal accounts feature the option to earn a higher yield on the first MXN$$25,000 saved without the need to move funds into a specific vault.

The platform also focuses on global connectivity, allowing customers to hold and exchange nearly over 30 currencies at competitive rates. This is paired with free, instant transfers to other Revolut users globally and low-cost international transfers to foreign bank accounts.

Juan Guerra, CEO of Revolut Bank, says: “We have arrived to revolutionise banking in Mexico. Finally, there is an elegant digital alternative to traditional institutions, offering everything from high-yield savings to seamless international transfers and tools for the whole family.

"Revolut Bank S.A. has launched to help people in Mexico get more out of their money, and this is only the beginning.”

Comprehensive money management

Beyond core banking, the app introduces tools for smarter money management, including seamless bill payments and direct debits. Users can also open joint accounts to manage shared expenses or savings goals with partners and friends.

Furthermore, the bank is set to launch Revolut Kids & Teens shortly – an account for 6–17 year olds with its own card and savings features, overseen by a parent.

Premium tiers, such as the Metal subscription, offer exclusive benefits including a customisable metal card and travel perks like VIP lounge access in Mexico City.

Revolut’s entry is underpinned by its growth since 2015, now serving over 70 million customers globally. In 2024, the company achieved its fourth consecutive year of profitability, reporting revenues of US$3.8bn.

Following a 2025 funding round, the group reached a valuation of US$75bn and currently employs a team of over 10,000 people.